TORONTO, May 22 (UPI) -- Nortel Networks Corp. agreed to pay $1 million to settle the Ontario Securities Commission's probe of its accounting-fraud charges, the regulator said Tuesday.

TORONTO, May 16 (UPI) -- Nortel Networks Corp. has reached a tentative settlement with the Ontario Securities Commission over accounting-fraud charges, the regulator said Wednesday.

NEW YORK, March 12 (UPI) -- U.S. securities regulators Monday charged Nortel Networks' former Chief Executive Frank Dunn with cheating investors out of billions of dollars.

TORONTO, Feb. 8 (UPI) -- Toronto-based Nortel Networks Corp. said Wednesday it will incur a charge to earnings of $2.47 billion to settle two class-action lawsuits.

TORONTO, Feb. 3 (UPI) -- Nortel Networks, seeking to get back about $13 million of bonuses from three former executives, has sued them saying they breached their fiduciary duty.

TORONTO, D.C., Jan. 12 (UPI) -- Former Nortel executives allegedly used inappropriate accounting methods to trigger large bonuses for management, the Financial Times reported Wednesday.

BRAMPTON, Ontario, May 14 (UPI) -- A U.S. grand jury Friday subpoenaed the records of Canada's Nortel Networks, which is under criminal investigation.

BRAMPTON, Ontario, April 29 (UPI) -- Employee morale took another blow as Canadian telecommunications equipment firm Nortel Networks Corp. fired top executives, the Globe and Mail reports.

Here is a look at more of Friday's top business stories.